Nikko Asset Management Group

What Nikko Asset Management Group does

Amova Asset Management Co., Ltd., operating until recently as Nikko Asset Management Group, is a Japan-domiciled institutional asset management firm founded in 1959 and headquartered in Midtown Tower, Akasaka, Tokyo. The firm is wholly owned by Sumitomo Mitsui Trust Group and self-describes as one of Asia's largest asset managers, employing approximately 544 people across a footprint spanning Japan, the Americas, EMEA, Hong Kong, Singapore, and New Zealand. Its core product set covers three active investment strategies — Global Equity, Asia ex-Japan Equity, and Asian Fixed Income — supplemented by a multi-asset ETF shelf (Japan Equity, Foreign Equity, Bond, REIT), a sustainability and ESG investment platform with stewardship engagement and proxy voting, and the GoalsGetter digital platform serving New Zealand retail and KiwiSaver customers. The firm is registered with the Kanto Regional Finance Bureau (Financial Instruments Firm No. 368), is a signatory to the Japan Stewardship Code, and holds memberships in the Investment Management Association of Japan and the Type II Financial Instruments Firms Association.

The business model is a classic institutional asset management fee model: revenue is generated through AUM-based management fees on actively managed equity and fixed income mandates, supplemented by ETF management fees, with pricing not publicly disclosed and negotiated bilaterally with each institutional client. Distribution is executed through a direct, enterprise-style field sales motion targeting Qualified Institutional Investors, supported by region-specific websites, insights publications, and ESG reporting. The customer base is concentrated in vertical institutional segments — primarily corporate pensions, financial institutions, and sovereign or quasi-sovereign allocators — with a small retail book in New Zealand via GoalsGetter providing modest diversification.

Operationally, Amova is positioned as a Sumitomo Mitsui Trust Group affiliate, leveraging the parent's balance sheet, brand, and Japanese trust banking distribution channels while maintaining autonomous investment teams with a multi-decade track record in Asia ex-Japan equity and Asian fixed income. The firm has not disclosed specific revenue, AUM, headcount growth, M&A, or funding activity in the available source material, which constrains quantitative analysis of scale and trajectory.

Name

Nikko Asset Management Group

Legal name

Amova Asset Management Co., Ltd.

Website

https://en.nikkoam.com

Company type

Private

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Amova Asset Management (formerly Nikko Asset Management) is a Tokyo-based institutional asset manager owned by Sumitomo Mitsui Trust Group, offering active equity, Asian fixed income, ETF, ESG, and New Zealand retail investment products to qualified institutional investors globally.

Ownership category

akta.pro rank

Product category

Institutional Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910)

SIC

Investment Advice (6282)

akta.pro primary industry

Multi-Asset ESG / Sustainable Allocation Strategies (FSAAAJAK)

akta.pro secondary industries

Sustainable/ESG Equity (Active) (FSAAAIAM), Emerging Markets Equity (Active) (FSAAAIAF), ESG Integration / Responsible Investment Funds (Broad ESG) (FSANAJAL), Investment Management Advisory (RIA) (FSAEAAAB)

Keywords

• Institutional asset management
• Equity investment strategies
• Asian fixed income
• Exchange traded funds
• ESG investing services

Headquarters

HQ city

Tokyo

HQ country

Japan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Investment Management Fees: Asset under management (AUM) fees earned through managing investment funds across equities, fixed income, and ETFs for institutional investors

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Amova Asset Management operates as an institutional asset management firm offering actively managed equity and fixed income strategies (Global Equity, Asia ex-Japan Equity, Asian Fixed Income) and a range of ETFs (Japan Equity, Foreign Equity, Bond, REIT), plus a digital retail investment platform (GoalsGetter) for New Zealand retail and KiwiSaver customers and ESG-integrated sustainability strategies. Revenue is generated through asset under management (AUM) fees for institutional clients.

Product overview

Amova Asset Management is an asset management firm that operates as part of Sumitomo Mitsui Trust Group, offering a comprehensive suite of investment products and services. The firm provides three core investment strategies (Global Equity, Asia ex-Japan Equity, and Asian Fixed Income), complemented by a range of ETF products (Japan Equity ETFs, Foreign Equity ETFs, Bond ETFs, and REIT ETFs). Additional offerings include a digital investment platform called GoalsGetter for New Zealand retail customers and KiwiSaver investors, as well as sustainability-focused investment approaches with ESG integration and stewardship activities. The company positions itself as one of Asia's largest asset management firms with global connectivity and reach.

Differentiator

Problem solved

Functional benefit

Products and services

• Global Equity High active share, differentiated global equity portfolio that aims to provide superior returns through a disciplined and clear investment process. Targeted at institutional investors seeking global equity exposure.
• Asia ex-Japan Equity Asia ex-Japan equity capability with a long-term track record, managed for institutional investors seeking exposure to Asian equity markets outside Japan.
• Asian Fixed Income Fixed income investment capability with a long history of managing Asian fixed income and portfolio managers recognized by industry awards. Targeted at institutional investors.
• Japan Equity ETFs Exchange-traded funds focused on Japanese equity markets, offered to institutional investors.
• Foreign Equity ETFs Exchange-traded funds focused on international equity markets outside Japan, offered to institutional investors.
• Bond ETFs Exchange-traded funds focused on fixed income securities, offered to institutional investors.
• REIT ETFs Exchange-traded funds focused on real estate investment trusts, offered to institutional investors.
• GoalsGetter Digital investment platform designed specifically for NZ retail and KiwiSaver customers, providing information about retail and KiwiSaver investment funds.
• Sustainability/ESG Investing Sustainable and responsible investment strategies with stewardship activities, ESG engagement, and climate-related reporting for institutional investors.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Sumitomo Mitsui Trust GroupcoreOthers

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• BlackRock: World's largest asset manager offering iShares ETFs and institutional active strategies that overlap with the subject's equity, fixed-income and ETF product lines across Asia.
• Allianz Global Investors: Large global asset manager with established Japan and Asia-Pacific institutional offerings, comparable in scale and product breadth as a broadly diversified incumbent.
• Fidelity International: Large global asset manager with a dedicated Asian active-equity platform and institutional distribution across the same geographies, competing broadly for Asian mandates.
• Invesco: Global asset manager with significant Japan-domiciled ETF and Asian institutional capabilities, providing direct competition in the ETF and Asia-equity product categories.

Direct peers

• Schroders: Global asset manager with a strong Asia-Pacific active-equity and fixed-income franchise, competing head-to-head for the same institutional mandates in Asian markets.
• abrdn (formerly Aberdeen Standard Investments): Historically one of the most Asia-centric active asset managers globally, with major institutional AUM in Asia-Pacific equities and fixed income — comparable business mix and target client base.
• Nomura Asset Management: One of Japan's largest asset managers and a fellow domestic institutional platform with deep roots in Asian equities, fixed income and ETF products, supported by Nomura Group distribution.
• Daiwa Asset Management: Japan-based institutional asset manager within the Daiwa Securities Group offering equity, bond and ETF capabilities comparable in scope and Asian-market emphasis.
• Asset Management One (Mitsubishi UFJ JGB): Japan-headquartered institutional asset manager affiliated with Mitsubishi UFJ, offering equity, fixed income and ETF strategies targeting Asian and global markets — directly comparable in size, product mix and institutional focus.
• Sumitomo Mitsui Trust Asset Management: Sister-affiliate asset manager within the Sumitomo Mitsui Trust Group, sharing distribution and stewardship infrastructure with the subject and overlapping heavily in Asia fixed income and equity mandates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/nikkoamgroup

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nikko Asset Management Group